A Fed Rate Hike Means Higher Rates throughout the Economy
The Federal Reserve Open Market Committee is meeting the week of Dec. 12, 2016, and it is widely anticipated that they will raise the target fed funds rate by 0.25%. Consumers may not be concerned with this move, as they do not borrow money from the Federal Reserve.
Johnson, Robert R. PhD, "A Fed Rate Hike Means Higher Rates throughout the Economy" (2016). Faculty Publications. 682.